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issue seemingly put to bed, the opposition returned to its favorite topic, the carbon tax which the labour government recently introduced in austin. the opposition supports it. it once it's scrapped. its efforts to attack the prime minister over this policy had some rowdy scenes in parliament. >> the leader of the opposition has the call. >> my question is for the prime minister and i refer her to this letter from australian country choice that indicates that it is now paying a carbon charge of an extra 38% for each electricity, and extra 86 are sent for off-peak electricity. that's an extra $10,400 a week because of the introduction of a carbon tax. why are not businesses like this one being compensated for the prime minister's broken promise that there will be no carbon tax under the government? >> the prime minister has the call. >> thank you very much, deputy speaker, and to the leader of the opposition's question, he said quite a morning has been. is not only gone out to threaten to cut -- [inaudible] he is counseling on electricity prices. and he has said today it's to the
. the basically believe if we spend another $5 trillion on tax >> don't boo, vote. >> >> he has one thing he did not do in his first four years, which is to raise taxes. is there anybody who thinks raising taxes will help the economy? his plan is to continue what he has done before. the status quo has not worked. we cannot afford them a more years of brought the bomb. >> wednesday, president obama and mitt romney meet in their first presidential debate. watch and engage with c-span. post debate, your reaction, calls, e-mails, and tweets. >> not a debate between former wisconsin governor tommy thompson and u.s. rep tammy baldwin. this debate is hosted by the wisconsin broadcasters association. the cook political report raised his race a tossup. this is one hour. >> good evening. radio and television broadcasters are pleased to continue our public affairs broadcasts tradition began in 1990 sponsoring debates in major political campaigns. the debate will be broadcast over 80 wisconsin television stations. this evening's debate will engage the two leading candidates in their first face- to-face deba
indicated is to do the tax reform that broadens the base and includes more taxpayers along the way for the question that david asked earlier that cells in the deductions and exclusions and then reduces tax rates. you can do it and make it simpler so they don't have to have a feeling account to do that. .. >> people who have made investment decisions based upon the tax code, and to just all the sudden change it would be unfair. however, if people want a simple tax code with fewer deductions or no deductions whatsoever and fill it out on one sheet of paper, multiply it by whatever the tax rate is, let the taxpayers decide. this is an idea i've advocated for many years. it's really what hong kong has done, and many of the people in hong kong with the freedom to choose flat tax went to the flat tax. for businesses, right now, our federal government imposes the worst in the world, 35% tax on job creating businesses in our country. the average is 25%. i advocate reducing it to 20% because i think america should be better than average. doing that will help create over 500,000 jobs a year.
. we have a sales tax in this country that has been raised from 16% to 18% to 21%. that has created a slight inflation issue. now, pensions are inflation linked. and this country in november has to increase pension abouts by inflation. so by raising 2.5 billion euro v.a.t., it will cost them 3.5 billion euro misincreased pension costs. so you can see the conundrum. they're enacting enormous amounts of austerity, but that's denting an economy which is already in recession. its second since 2008. and things are getting worse. 25% unemployment, a million up sold homes. and we haven't even talked about the banking crisis and the autonomous region, some of which including catalonia are looking trying to get some form of assembly. it is a toxic mix. >> imagine that there will be pressure on markets as this they think unfolds. we're also counting down to the wire here of course in the presidential election. and joining us on the set, bill richardson, former governor of new mexico. you're in town for the u.n. >> that's right. i was with a group of democrats and republicans yesterday at the
minutes asked do think it's fair he pays a lower tax rate than somebody making a 50,000 a year. yes i think it's fair that's the way you get even. i have a different vision on growing an economy. i think you grow it from the middle out not from the top down. >>> the president was asked what he would do after the white house he said he would like to work with children. >> so i wonder if it will be a good day for kids to go out and play today. >> time for the first degree weather update with maria molina. >> if you are headed outdoors early this morning across areas of the northeast or great lakes even in the carolinas it will be a little cool out there. make sure you grab the jacket or the sweater. raleigh north carolina very cool out there. 51 over minneapolis as we head northbound warts of carolinas as well. texas still warm out here. 94 will be the high temperature in dallas. 91 san antonio. a warm 89 degrees in new orleans. the south feeling like summertime not really fall time. we will see rain develop across far western areas across the interior northeast and portions of the ohio
. they basically think that if we just spend another $5 trillion on tax cuts that favor the very wealthiest, then -- don't boo. vote. vote. vote. >> we got one new idea. one thing he did not do in his first four years, he said he's going to do in the next four years, which is to raise taxes. and is there anybody who thinks that raising taxes will help grow the economy? >> no! >> no, his plan is to continue what he has done before, the status quo has not worked. we cannot afford four more years of barack obama. we're not going to have four more years of barack obama. >> wednesday, president obama and mitt romney meet in their first presidential debate. the news hour's jim lehrer moderates from the university of denver. watch and engage with c-span, including our live debate preview at 7:00 p.m. eastern, the debate at 9:00, and post-debate, your reactions, calls, and emails and tweets. follow our live coverage on c-span, c-span radio, and online at c-span.org. >> september 11, 2001, was a day that changed my life forever. it changed america's life. i'm going to go through a power point presen
are paying in taxes right now, it's got to be better than this. 75% is now what the wealthiest citizens in france have to pay their government. that is, thank you, to the country's socialist president. there he is. he looks so happy, doesn't he? how would you feel about giving 75% of your income to uncle sam? for now that insane tax rate is staying on the other side of the pond. i don't know, are we next? joining me for more on this, chief economist brian wesbury. brian, great to have you back on the show and i just fear that there are folks in washington who look at this and say, now, that french thinking, they are thinking right. scary, right? >> yes. we know they like a lot of things that the french like. big government. big spending. big entitlement programs. and this is the last gasp. i call this paul krugman's alamo. i guess if you're going to talk european we have to say it is the waterloo, right? melissa: right. >> we spent all the money. we can't afford it. now we'll tack, we're going to confiscate people's income to try to pay for all of this. what they will do is destroy thei
needs in missouri? would you work with the general assembly on a plan for a tax increase to raise revenue for transportation? would you help provide the leadership in pushing for a vote to raise needed revenue for transportation? >> well, we need to make better use of the tax dollars with god. i don't, you know, i guess there was a plan to expand on 70 and expand the interchanges and put in toll roads, turnout over to contractors and let them run it. i'm not sure that's the thing we should do first, you know, we have to maintain the roads we've got an obviously maintain the bridge is. but you know, keep the tax, the gas tax the way it is now and make more efficient use of the money we've got. maybe contract out more, more things. if you give the contractors a bonus for finishing early, that seems to work. so things like that we would do. >> jay nixon. >> thank you. we have a long history in this area and our state. we have a very large system. so as i came in, with the doing a couple things and are now in the process of implementing a sumo foer. the first was to expand the capacit
's why he cut taxing for families and small businesses. balls we believe that teachers and firefighters should not be paying higher tax rates than millionaires and billionaires, not in america. [applause] he got the all the industry back on its feet and today new cars are rolling off the line at proud american companies like g.m. and yes, while we still have a long way to go to rebuild our economy, understand we have had 30 straight months of private sector job growth, a total of 5.1 million new jobs under this president! good jobs. right here in the united states of america. [applause] let's talk about the health of our families. see, barack didn't care whether health reform was the easy thing to do politically. that's not who he is. he cared that it was the right thing to do, and thankfully because he fought for health reform, today our parents and grandparents on medicare are paying hundreds less for their prescription drugs. our young people can stay on their parents' insurance until they're 26 years old. [applause] insurance companies now have to cover basic preventive care. things
have taken on issues. we have cut spending, balanced our budget, and we provided tax relief. that is what we do in nebraska, and that is what we need to do in washington. nebraskans are saying enough. they are ready for real change we need to have somebody there who is going to take the nebraska way to washington, and i promise that is what i will do. >> let me assure you that i am still bob kerrey. i looked a little different than i did before, hopefully a little wiser. you know me, you know i went to war, came to nebraska and started a business. i was your governor when we had a recession, and we came through for you. i was your senator when the nation had a recession, another large deficit. we got the job done. i am a candidate because washington is a mess. both parties have made commitments that we cannot keep, and nobody wants to do anything about it. i promise to go to washington to change our congress, and i promise to work with republicans to get our budget balanced so we can set a different course. my opponent promises more of the same. she signed a pledge at that w
are no longer eligible for the tax status. but 49 percent is not found in a law or regulation. it has simply been sort of rule of thumb for the agency. but to the irs, as anybody knows who has followed these groups, has not been very active in this area. so this is a problem yet unsolved. >> i will ask gary take you up the video because i want to play just the beginning of it that illustrate what we see as a problem in the way it was journalism is a covering the explosion of money. grease a story that could crush tries to say their is a lot of money here it and tries to report on finding secrets . in order to illustrate it runs the ads full screen and essentially journalism in that story ostensibly about money is magnifying the deceptive power of the ads. if you can take it back to the beginning of that video, i don't know if you can't, we have done an experiment to find out what is the difference between the story that is running with the ads all but full screen in the background and the story when you put a multiple matrix of. you put nine or ten screens of adds up as you air the same stor
inflation. front and center are jobs. i will be the only candidate advocating eliminating income tax, corporate tax, abolishing the irs and replacing that with one federal consumption tax. i embrace the fair tax. i think that is the answer to jobs. if the private sector does not create tens of millions of jobs, i did not know what it will take to create tens of millions of jobs. it is the entry to china. i see manufacturing jobs flocking back to the united states. are you hearing these things from these other two guys? no. they are arguing over who will spend more money on medicare. romney said he wants to increase spending for the military and balance the budget. it doesn't add up. i guess we believe in santa claus and the easter bunny and i do not think they are coming. host: gary johnson is with us and will add a third line for third party voters. we will get to your calls in just a couple of moments. what is the strategy for the rest of the election? guest: right now there is a lot of attention that is being drawn to what it is that i am saying. i'm being recognized for being at
leader with the ability to take on the tasks at hand. to balance the budget, to expand the tax base, to give our children back the american dream. the candidate is ross perot. the issue is our children. the choice is yours. host: from 1992 when he ran his first of two independent bids for the white house, falling short in 1992 and 1996. one viewer says we need to listen to all points of view. we need third parties. one question is the role of third parties in politics. here is ross perot. >> you ran twice. you established the united we stand and the reform party. do you feel that is needed today? is there something wrong with the two party system that has gotten more acrimonious. >> it is almost impossible to do it. it would be a very healthy thing if you could get it done and make it happen. it is very difficult to do, and very few people would want to try to do it because they know they will be butchered from day one. much of the media will participate actively in that. host: the whole interview conducted by richard welfare's tomorrow evening at 9:00 eastern time -- richard wolf t
biden. [video clip] >> they voted against extending the middle class tax cuts. why? because they were holding it hostage to make sure they could continue their tax cuts. and romney adds another tax cut with a total cost to the economy of $1.70 trillion. it is $250,000 a year in additional tax cuts for those same 120,000 families and anybody making more than $1 million. >> all these promises were made on the idea of hope and change and it sounded pretty good to people. but when the rhetoric went aside and the time to act occurred, the ideas are the old idea that a failed time and again. borrowing and spending and regulating and taxing and printing money, all these things do not lead to prosperity and. all these policies say take power from people, many from families and a successful small businesses and job creators, ascended to washington and then they decide. that does not work. host: that's a taste of the vice-presidential nominees over the weekend. they will go head-to-head on october 11 in their only official the bait. let's stick to your calls. will the vice-presidential candidat
caucuses control their own taxes. republicans, their caucus would control all the taxes that republicans pay, and we republicans could pay for all the b.t. bombers and the infrastructure, all the things that we want, and the democrats can take all of their taxes they collect and pay for the social programs. and then, in the middle, all the sings that we both absolutely agree on, we just cut it in half and pay for that and then that way the things that each other don't like, both sides, we'd be able to pay for their own things that they want. host: that is a very interesting way of looking at taxation, randy. we're going to continue our conversation about one party versus divided government with paul. paul is calling from wisconsin. he's on our line for democrats. go ahead, paul. caller: hey. yeah, i definitely believe in a one-party system. i think if barack obama would have been able to get his policies throughout, his unemployment rate would probably be about 7% with all them jobs programs. you know, the republicans were trying to do everything they can to stall the economy so they can
taxes to the middle class has been buried the last four years. >> dramatic admission today about the president's first term from vice president biden. which gave republicans some predebate ammunition. though he charged bush policies are to blame. >> by the time we were elected they had eight years doubled the national debt. debt clock. doubled it. in addition to that, they had the slowest job private job growth since world war ii under this policy. >> another key debate topic, healthcare. romney is defensive about his massachusetts plan. today, the obama camp charged the promise to repeal the president's law will knock millions off the insurance. republicans are circulating a secretly recorded video of a recent meeting among local government officials here in henderson where the president is doing debate prep. officials discuss how implementing the president's law will cost city employees an extra $40 a month. >> a challenge beyond belief. >> in exclusive interview with fox in nevada, senator marco rubio says the video shows the issue will blow up on the president. >> that's the
economics. they think if we spend another $5 trillion on tax cuts that favor the very wealthiest -- >> [booing] >> don't boo. vote. vote. >> one new idea. there is one thing he did not do in his first four years, raising taxes. is there anybody that thinks raising taxes will help the economy? his plan is to continue what he has done before. the status quo has not worked. we can't afford four more years of barack obama. >> president obama and governor romney meet in their first-ever presidential debate. watch and engage including the live debate preview at 7:00 p.m. eastern with the debate at 9:00 had posted the day. -- and post-debate. >> i was always shot as anybody that spent a lot of time around campaigns, most people could not explain to me why they did anything they were doing. at some point, they did it because they have always done it that way or there was some sort of role that wasn't really based in any research. i went around the campaigns with skepticism about some of the practices that were taking place. as i learned about people that were doing these field experiment
that the penalty people pay if they choose not to follow the mandate is a tax, and falls in the government's taxes power. this argument, of course, was in great -- with the fact that obama administration and congress had disclaimed there was anything about the law that was a tax. >> when you went in to the argument, and thought about the case, you mentioned you were conscious about where you thought your stronger and weaker points were. how vulnerability did you think you were on that. >> can imagine almost anything. but that was not something that was keeping me up at night. and you just, you know, as a lawyer you got to be practical about this. and, you know, you look at, by the way, by the time we got to the supreme court we had a lot of models for opinions that, you know, upheld the law and a lot of models for opinions that struck the law down. and the overwheeling them was, you know, even the judges that july held the law didn't think much of the taxes argument, anne, you know, had dynamics where judges would reject the government's taxing argument but specifically say we will defend it on co
. as far as business, we have the highest corporate tax in the world. can adjust lower theirs down to sit -- 15%. guest: i agree that war is hell. i co-authored this book with dennis moynihan as we travel the country and broadcast from all over, bringing out these issues and engaging in discussion about what will make us safer in this country. ultimately, it is about shoring up this country. that will increase our national security. there's a deep concern i have as we covered grass roots movement around the country of seeing the wisconsin uprising that happened earlier this year -- last year that inspired occupy all over the country -- we have an act in this country that says we don't think it is a good thing for soldiers to march through the streets of this country. i think people across the political spectrum feel that way. it's interesting how the authorities have gotten around this. since 9/11, billions of dollars have gone into local police departments. they are buying tanks and drones. the level of surveillance is unprecedented. the associated press just did a pioneering series on t
today tax >> you mentioned there has probably been decrease accuracy. have you taken any steps beyond the initiative to instill a more even flow? the call did the provocative question. >> we had a workshop just about 10 days ago. it was on this question of rep ability of results. we had some of the authors of the studies that have prompted all the conversation about how replicable our results are. we also had a number of representatives of some of the leading journals. who bears the responsibility for setting appropriate standards at the level of the execution of the work, the publication, the institutions that might suffer from lack of ripper disability cability. what he did not to do is that the situation where the requirement to be reparable is so severe that you begin to squash innovation and original results. important science is self correcting. i do not want to rely on self correction. i want standards. i want mentoring. one issue i feel strong about is an over dependence in evaluating a scientist. there is a kind of disease up there and people evaluating their fellow scientist
, it was the first awarded and the administration awarded ohio about $125 million in tax credits to promote clean energy. officials say sometimes good policies also end up being good politics. mitt romney also in ohio wrapping up the three-day romney/ryan bus tour there. while "the new york times" reports that the two plan to campaign more together and they did so yesterday. ryan did the first day of the tour alone and romney will lobby himself today as his running mate moves on to colorado. the latest "washington post" poll has romney down by 8 in ohio but as stephanie mentioned his campaign says it is not worried because its own internal polls are much more favorable however the campaign is refusing to release any specifics on those super secret magic ohio polls. naturally, bloomberg is polling likely voters and finds that 49% see mitt romney unfavorably. this is the highest unfavorable in the month of september for a presidential challenger in 30 years. we're back with more show after the break. stay with us. on current tv. >
's remoy. looking potentially at tax hikes, at changing the way people can retire over there, potential wage freezes. but anybody who's looking to see if the plan is credible says you've got to attack pensions, and that's just going to feed the mood that we saw in those protests this week. >> we've seen protests this week, we've seen certain of the states significant protests. of course, many of them have already received aid. there was an 18 billion euro aid package available to them. you've already increased the value-added tax significantly over there. there's an interesting story today in "the new york times." about carrots being sold as opposed to tickets because they are not taxed in the same way. it gets back to this balance, carl, of austerity growth and how much you can politically get done and kind of meet your master's demands. >> yes. >> that being the rest of europe, particularly germany without fomenting true public unrest. >> fresh data on spain, bank deposits down again. i think the lowest level since 2008. you couple that with just the images of people eating out of dum
"washingto" mitt romney is there, too. >> is there anyone who thinks raising taxes will help grow the econom >> no, his play is to continue what he hasone before, the status quo h not worked. >> romney attacng someone on taxes? that's like me attacking someone for being passionate in politics. >> reporter: romney is o a two day tn oh. tuesday with his running mate. >> after four years of getting the run around, what america eds is a turnaround. >> reporter: but it's a tough state to make their pitch for 12 million more jobs. ohio's employment rate is lower than the national age. daherent releases other ss another add slamming romney for dismissing the 47% of americans who don't pay taxes. he'll run into sometruggling families iora. th "in piv the president a four point edge there. >> all right, tracie potts for us in washington. thanks. >>> here's your first look at some of e other news going on around america today. in hawaii, check out these powerful waves. a created an incredible scene at the binni of a paddle boat race. they were tossed around like rag dolls. the ocean was littered with
tax returns. >> all right. >> take a look. >> governor romney on "60 minutes" was asked, does he think it's fair that he pays a lower tax rate than somebody who is making $50,000 a year? and he said yes. i think it's fair and i also think that's the way you get economic growth. i've got a different vision about the way we grow an economy. i think you grow the economy from the middle out not from the top down. >> let me ask you, jon meacham, do you think the president was more presidential on the view or on "entertainment tonight"? >> i think "the view." >> clearly. love the view. >> there's this long tradition of this. remember -- >> fdr on "the view." >> fdr was actually on "inside edition," i think. >> it was william howard taft on the food network. >> unfortunately he wasn't a chef. >> first of all, it's the women on "the view" and you like doing "the view," i don't know what you're talking about. you reached a mass audience with a lot of really important things you have to say when you go on "the view." >> i'm not disparaging "the view." >> it's not about "the view." >> i love "the
europe, spain is auditing its banks and france is talking about huge taxes on its wealthy. >>> we've got the inside scoop on the big bank market scandals and investor confidence. >>> and avoiding the fiscal cliff. what washington budget battle and tax policy could be doing to the economy. national bureau of economic research president james peterma is here to explain. >>> plus, it's a smartphone showdown. could the latest results have blackberry maker research in motion gaining ground on apple? get the information behind the numbers. the second hour of "squawk box" begins right now. >>> happy friday, everybody, i'm becky quick along with andrew ross sorkin and joe kernen and here's your line-up for the final day of the trading week. we'll kick things off with "vanity fair" contributing editor and cnbc contributing editor beththy mcclain. and we'll talk about the chances of the u.s. slipping back to recession with ceo and professor james poterba, we heard things from an analyst that gave us scary thoughts. at 8:00 eastern time the ceo of research in motion joins us in a first on cnbc inte
getting information from vice presidential candidate paul ryan on his tax plan. >> it is lower by 2013. >> how much does it cost? >> it is revenue neutral. [ talking over each other ] >> we will get to that. >> let me just tell you. it would take me too long to go through all the math. dagen: it would take too long to go through all the math. what does david stockman think of this? he is author of the triumph of politics. great to see you, as always. is that a mistake or the right way to go? >> it is pathetic. this is nixon's secret plan for years later. if they think they can cut tax rates and close these loopholes and expenditures, they have to name them. you have to be honest with the american people. they are being totally dishonest. somehow, they think that people will buy it. dagen: dishonest is a big word. mitt romney has alluded towards meeting to let congress -- this will be a comprehensive tax reform. >> if you do not tell the american people it darkly where you will get all of this revenue so you can get a tax break to everybody, and you are not preparing the way, not gettin
tax dollars to show an ad over there, apologizing -- what do we have to apologize to them people for? they told us. we did not kill them. host: travel let gary's comment stand. "the new york times" has a big piece about president obama's diplomatic strategy. with in it, and lack of chemistry. -- a lack of chemistry. how important is it, and why would an arab diplomat said he does not pat you on the back? why is that important? guest: an interesting comment. fascinating one. could probably testify to cultural differences in terms of the way one goes about business in different parts of the world. and it is also sort of amusing when you reflect on george w. bush, of course, the was famous for giving everyone nicknames but had also some misadventures in the middle east as well. but in this case, i think the president's aloofness is not standing him in good stead. personal relationships and trust are extremely important in the muslim world, particularly the arab world. the touching of hands, the sort of repeated, often very slow interaction of negotiation, of getting to know and establis
a strike date set for next tuesday. taxes and fees may be going up in cook county. board president tony preckwinkle is considering a combination of targeted tax and fee hikes ..... along with cost cutting measures. it's all part of the effort to plug a projected 115 million- dollar budget hole. preckwinkle is still pushing ahead with plans to eliminate the last quarter of the one percent sales tax hike enacted under her predecessor todd stroger. she also says a property taxe hike is off the table. county budget director andrea gibson says the county's financial picture is better than predcited .... due in part to the expected benefits of president obama's national health care plan. actor and comedian bill murray tried to steal the show... literally... at the ryder cup celebrity golf outing. the tournament begins on friday. yesterday, fans watched golf legends and celebrities play a golf scramble. stars included bill murray, justin timberlake, swimmer michael phelps and former bull scottie pippen. murray had some fun... trying to walk away the the ryder cup trophy tucked into his sweater
believes with even bigger tax cuts for the wealthy and fewer regulations on wall street all of us will prosper. in other words he doubled down on the same trickle-down policy that lets the crisis in the first place. ashley: according to the "washington post" that statement deserves no kill us because it did not cause a financial crisis, several others are to blame including the housing bubble and use of financial derivatives not to mention the president himself extend the bush tax cuts in 2010. republicans a big hit with political donors connected to the nfl. nfl players, owners and staff have donated $1.5 million this election cycle, they have favored republicans 3-1 margin. governor romney yesterday swore the endorsement of an nl imac nfl legend. >> today has been very good day. not only because of what happened yesterday, but because i get the opportunity to introduce to you the next president of the united states, governor mitt romney. ashley: john elway referencing the broncos win on sunday over the oakland raiders. not a sports icon was in the crowd, colorado rockies first b
we need time to fix it, and by the way, the president will also say that he wants to increase taxes on people like mitt romney to help pay down some of that debt. >> reporter: we just put of that graphic there showing the $16 trillion of debt and there are so many digits it almost doesn't fit on the tv screen across the screen there, as you can see. but haven't americans in some way become number to astronomical numbers? how serious is this in. >> they have become number. is it the new normal this massive spilling of red ink but it raises three problems which i don't think the nation has got even to grips with yet. number one our economy is smaller than our debt. we look like europe, we know what happened there. number two we are spending $9 billion every week just paying interest on this debt, about a quarter of it goes overseas. and number 3, we are paying for this debt by printing money. so here is the question, allison, what happens when we stop printing as we inevitably will at some point, what happens when people stop lending us the money because we've borrowed so much. what h
] >> you still pay property taxes and you help to fund kids even though you don't have kids. >> stephanie: why am i doing that. >> and when your dogs go to college. >> why would you get into that. i don't have kids. it's go time. it's go time. it's go time. go time. you know what time it is. go time. it's go time. it's go time. what time is it rob? here comes the young turks go time! it's go time. oh is it? then it's go. go. go. go. go. go. go. go time. anybody? anybody? what time is it? oh, right. go time! only on current tv. it's go time. it's go time. go time. you know what time it is. go time. it's go time. it's go time. what time is it rob? here comes the young turks go time! it's go time. oh is it? then it's go. go. go. go. go. go. go. go time. anybody? anybody? what time is it? oh, right. go time! only on current tv. >>i jump out of my skin at people when i'm upset. they're doing this this corruption based on corruption based on corruption. >>that's an understatement, eliot. [ ♪ music ♪ ] >> announcer: stephanie miller. ♪ don't be sissy, just get dizzy ♪ ♪ why s
. there are going to be higher taxes. now they're saying that pensions will no longer be linked to inflation. you're going to get a pension -- >> this is government pension? >> yeah. so that's the other weird thing about a lot of europe. yes, government pensions, but remember, 80% to 90% of the working population in greece, regardless of the they work in the private sector -- >> you mean greece or spain? >> i'm sorry, spain. are covered by union contracts. so even if you don't work for a union shop, there's a sector-wide contract that's in place that looks very similar to what the public sector workers were getting anyways so. the last time we saw big disruptions, everybody was really mad because they got rid of the christmas bonus. there they call it the christmas bonus. it's not the holiday bonus. it's a very catholic country. >> how big are these bonuses that they're talking about? >> if you normally got 12 months salary, you got a 13th month, a 14th month -- >> you could get three months? >> you could get 15 paychecks a year. yeah. the christmas bonus, the easter bonus and maybe the summer bo
for builders is the ongoing uncertainty about the bush tax cuts. subkowiak says if those tax cuts aren't extended some potential buyers could put a hold on buying a new house. diane eastabrook, "n.b.r.," hinsdale, illinois. >> tom: we saw two discouraging reports today from the c-suite, from top corporate executives. in separate surveys, both chief executive officers and chief financial officers are losing optimism. and both have dialed back hiring expectations. this stands in contrast to a report just yesterday from the conference board indicating consumers are more hopeful about their job prospects. the "deloitte c.f.o. signals survey," which tracks companies with revenues of at least $5 billion, found somber expectations for growth in sales, earnings, capital expenditures and hiring, all falling to a ten-quarter low. and roughly a quarter of the c.f.o.'s polled say their biggest worry is the upcoming fiscal cliff: >> some thrding about where things really are going, so they can set strategy and execute that strategy. we're going to be stuck in this for a while. as for the c.e.o. sur
to nominate a new treasury secretary to replace timothy geithner with a mix of spending cuts and tax increases looming obama would likely pass someone with negotiating experience probably someone within as well. according to the wall street journal the two persons mentioned are white house chief of staff clinton blue anderson bowls. glen hubbard from the columbia schools. >> airlines making changes hair. over the past five years the airline cut smaller fees and flights shorter than 500 miles. that's kierd to go a new study by the office of inspector general of the department of transportation. another money saving strategy for the airlines and you are definitely familiar with this one. packing more passengers into bigger planes. is there any consolation for fliers out there? according to the study your flight has a greater chance of being on time and not being kept. >> that's good news. >> homeowner's insurance. you have new information for us. >> we are more satisfied than ever when it comes to homeowner's insurance. they like to bundle their auto and homeowner's policies. according to a jd p
elections, criticizing the government cutbacks and tax hikes as well. more protests are expected today. >>> this morning investigators are trying to determine what led to a shooting that left a sheriff's deputy and a suspect in san diego. they're following up on a suspect in a child abuse case. as soon as they approached the suspect, there were reports of shots fired. all three were taken to the hospital for surgery. >>> today more than a million people across new zealand took part in an earthquake drill. that exercise is designed to teach people to find cover and hold on to something stable when a quake strikes. that drill was held at schools, the zoo, parliament, and airports. new zealand is hit by thousands of quakes each year, most of them minor. in february of last year, a 6.3 magnitude quake hit the city of christchurch, killing 185 people. >>> 5:21. time for weather and traffic on the ones. storm team 4 meteorologist veronica johnson is here with our forecast for today. is it going to be a nice one, veronica? >> it's not going to be a bad day today. if i had to give a grade on w
as much energy as any other state from the clen energy tax credit and it has the largest loan in the history of the u.s. small business administration. we are back with more bill press live at the break. and as always we are in chat at current.com/billpress. all of the pieces? >>tv and radio talk show host stephanie miller rounds out current's morning news block. >>you're welcome current tv audience for the visual candy. >>sharp tongue, quick whit and >>you just think there is no low they won't go to. oh, no. if al gore's watching today... jack you're a little boring. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire ♪ [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] [ ♪ theme ♪ ]
parliment and they are ticked off about the prime prime's austerity plan and tax hikes. there is live pictures coming in from greece. workers walking off of the job because politicians agreed on more spending cuts. >> and the hybrid car receiving disastrous reviews. one exploded in flames in california because of a recalled battery. >> steve: meanwhile the attack on americans in libbia was an act of terror. president obama still blamed an anti-muslim movie again. >> that's what we saw play out in the last two weeks. it is a crude and disgusting video and sparked outrage in the muslimb world. now, i have made it clear that the united states goverent had nothing to do with this video and its message must be rejected by all that respect our common humanity it is an insult to muslimbs and america as well dick, the president did not mention terrorism. romm rom did in the clinton global initiative. why does the president do that. he takes credit for osama bin laden and ending al-qaida? >> he can't admit that al-qaida can pull off that operation. because he killed bin laden and others and no
tax hike in history if congress doesn't do something so the economy is starting to really turn so the president hopes that election speeds up. because if 55% of people say the economy is the most important thing that's what's on their mind. watch out, guys. this fiscal cliff thing is a big deal. it's coming up quick. >> hey josh. so you've got business owners that for a couple years have said we're not going to invest. we're going to keep the $3 trillion on the sidelines because we don't know what is going to happen as far as regulations go. are they going to be raising our taxes? now we have a third issue, third reason for business owners to be scared. what happens with the fiscal cliff? what happens when we go over the side of the cliff? what happens when you raise taxes and cut spending at the same time? i mean, it is a horrifying business climate that's going to only cause this economy to grind to a halt more which, again, leads to the question, why is mitt romney losing? >> well, it is. the only real certainty is the fiscal cliff is not going to get decided before the electio
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